VOL. XXXVI

NO. 26

29-MARCH-1993

Financial and Banking News

REGIONAL BANKING

Investcorp Makes further Progress in Battle for Circle K

Investcorp has won a significant victory in its battle to buy Circle K, theUS gasoline and convenience store chain which is operating under Chapter 11 ofthe US Federal bankruptcy law. Investcorp's take-over terms are supported byCircle K's bank creditors, holders of its unsecured debt (mainly trade debtors)and secured note holders, as well as by the company's...